Posted by: youngragingbull | January 10, 2013

Fed sends record $88.9B to U.S. Treasury

The Federal Reserve will send $88.9 billion to the Treasury after earning a record $91 billion in 2012, the central bank said Thursday.

The Fed made $80.5 billion from the interest income on the securities it has acquired through its quantitative easing programs.

In 2010, the Fed sent $79.3 billion to the Treasury, and in 2011, it sent $75.4 billion to America’s coffers.

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